◂ Announcements

Dec 16, 2022ACQUISITIONBusto Arsizio, Lombardy, Italy

Gruppo Piacenza acquires Arte Tessile

Gruppo Piacenza acquired Arte Tessile Snc, a specialist in jacquard and raschel textile patternmaking based in Busto Arsizio, Italy. Financial terms were not disclosed.

Status

Completed

Productsjacquard and raschel textiles

CompaniesGruppo Piacenza acquirer Arte Tessile target

Sectors#Industrial Textiles

“The acquisition will enable us to internalize this [textile-making] phase and be more creative and rapid, ensuring service continuity.”wwd.com

1 source
wwd.comGruppo Piacenza Makes Another Acquisition Taking Over Arte TessileMartino CarreraDec 16, 2022

Summarized from public sources; check the original articles before acting on it.

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